Pension Basics

How much money should I have in my pension?

Research by the pension provider Royal London estimates that, assuming lower living costs in retirement (e.g. hopefully you won’t still be paying for a mortgage), you need an income of £17,500 a year to live comfortably. To get an income of £17,500, you need a final pension pot of £260k to get a retirement income of £9,000 a year to combine with the full state pension of £8,500.

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It's important you know

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.

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